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. as more do, it will create an environment for us to reach an agreement. we need the same willingness to step 4 on the left to be able to meet in this room at the table or wherever the room maybe and to come to an agreement that will lead us forward. one thing i am hoping for is if we can reach an agreement, in principle before the end of the year, then implement it, i believe this is what many have been waiting for to launch a more spirited recovery. if we get this done, if we have a credible $4 trillion deficit reduction plan signed and sealed, signed by the president, what does that say to the rest of the world? many economies in europe and other places are struggling, but ours will be the strongest in the world in terms of the future. it takes a lot of hard work but it is worth the effort. all will prosper. saturday night, my wife and i went to see a movie by spielberg. about another gentleman who lived in illinois for a while named abraham lincoln. toward the end of the movie, daniel day-lewis was sitting across from confederates and there was talk about what the war was all abou
on t.v. commercials painting themselves as the great greatest friend the environment had. i want to throw up when i see those things on the network news but they are run them all the time. >> absolutely. >> they are slick, you know. they are like those that wal-mart was running, look at these women and minorities that work at wal-mart, you know, and bp, they have these people down there talking about what a great company they are and how much they have done to clean up the environment. so they are waging a huge pr campaign to try to get their reputation back. >> absolutely. i mean it would have been great if, as part of the criminal settlement that the department of justice got that they forced -- that they would have forced bp to disclose what their advertising and marketing budget has been. bp has been giving lots of cash to the tourism bureaus of gulf states. >> yeah. buying them off. >> i am all for the gulf states trying to get folks back to that great part of the country, but we need to be honest here, that this was a corporation that has a lo
cash. here in the low-interest rate environment, debt financing is going to be big. >> and the large cap plays. go through those. >> verifone, a leader in electronic payment devices. this has been disrupted by new players like square and paypal and google. the stock has been hit, but our fund manager we talked to think it's been unfairly hit. any time an industry is being disrupted, that's a good opportunity. >> u.s. bancorp? >> this is an old fashioned bank. focuses on deposits and loans and wealth management. none of the other stuff that can get you into trouble. this is one our clients really liked. >> this year dividend plays have been huge. everyone is looking for income. they look to these companies that have a good yield. the two that came through here were ford and, as it happens, our majority owner comcast. >> yes. so ford, you know, the auto recovery story is pretty significant. it's still happening. cars on the road are older. the replacement rate is going to go up. with ford, it has a rock-solid balance sheet. its dividend yield, we think, could go up. comcast is interest
to chain the rules any way. in an environment anything that passes the senate without republican votes is unlikely to pass the house. years to get to every political is to blame instead of having rules. the three times we followed the rules this year, we passed bills. the highway bill, the postal reform bill and the ag bill, all passed. amendments anyone wants to offer and do what the senate does every single time when we did that, we passed a piece of legislation in a bipartisan way. anywhere in the house. at least i would understand there was a governing argument if the majority leader had a said what we pass here is going just going to pass it with all over again. that is not the case, believe me, this is a hornet's nest that makes it harder to get the work done that has to be done and>> questions. >> what filibuster reform would>> what ought to be happening, ought to be sitting down not rules changes are appropriate. agreement, it would be done in a manner consistent with the rules, which would require 67 votes, which i don't wouldit is important to remember that the senate hadn't
to statehood. it does nothing to get them closer to state hood. it may actually make the environment more difficult. >> israel is concerned that palestinians will be eligible to join the international criminal court. press charges of human rights violations. in the words of an israeli official, the daniel could be worse than rockets from gaza. the u.s. reportedly asked israel not to impose harsh sanctions against the palestinian authority. >> they can get pieces of paper from the-up. but they are not going move forward and not going to make the palestinian statehood more real. >> of now, more than two-third member countries recognize palestine. the vote in favor of, the nonmember statehood is expected to be overwhelming. supports include france, china and india. bret? >> bret: david lee miller, in jerusalem. thank you. >>> still ahead -- hillary clinton is on her way out. we look at her time at state. first, are clinton's former senate colleagues willing to use the nuclear option? if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated eq
, that's a target-rich environment is what we refer to california. they raise taxes again. they sent the message that the unions are going to continue to control the process out there. they defeated proposition 32. they passed proposition 30 which was the increase in their taxes. so, california businessmen and women are looking at their bottom line saying, where are we going to go? other places? >> governor, is it too much of a leap to say when we do this at the federal level they leave the country, bilss can eventually leave the country. >> sure. >> but we can't seem to make the leap to say that. and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama proposals by say
later and when we get to next year we are in an economy that is in a higher tax environment, companies will grow less well if that environment, association whatever cash they have, and they have available to pay out, will be taxed at a high are rate. >>neil: what do you make of the argument we had much higher dividend tax rates in the reagan administration, a good part of the clinton administration, and we did fine. >>guest: it was great to be a world monopoly. a wonderful thing to have the expire world recovering from world war ii but that is not where we are. higher taxes hurt economic growth. people say it doesn't hurt it and they are saying of all the possible answers i will pick the extreme one, which is zero. what is most iportant? millions are out of work, we have incomes that have not grown but they have fallen. i would think growth is the priority. >>neil: is that going do mean more dividends next year to make up for the tax hit they will face? will they still cash out with the dividends? isn't that going do lead to a market tank? >>guest: one of the things, what we are seeing
by the american people and your businesses and the economic environment worldwide. we should not accept going through that. you know, john engler, he and i philosophically do not agree on much -- [ laughter ] >> you know, i am just being honest about john. he ii a great politician. he comes from the other party. he is exactly right when he says the only thing that the debt ceiling is good for is destroying your credit rating. i want to send a very clear message to people here. we are not going to play that game next year. if congress in any way suggest that they will type negotiations to that feeling both and take us to the brink of default onne again, as part of a budget to go she asian, which, by the way, we have never done in our history, until we did it last year, i will not play that game. with that, let me just say, we have one path where we resolve this fairly quickly. we have some tough spending cuts. we have modest revenue increases. you get business certainty. you do what you do best. and, we then have an open running world next year to deal with a whole host of other issues like in
states, inflict damage, physical and reputational, on the jordanian government in an environment in which all other governments are certainly dealing with their own difficulties right now. >> reporter: all 11 suspects were rounded up by jordanian security forces in mid october. jordanian officials say they'd planned to strike on november 9th, the seventh anniversary of the last al qaeda attack in jordan. when suicide bombers struck three hotels in amman, killing about 60 people. the man who claimed responsible for that attack was al zarqawi who led the group al qaeda in iraq. he was killed by u.s. forces in 2006. but analysts say the recent resurgence of al qaeda in iraq shows an unsettling pattern. >> we thought we had them essentially pushed to the wall and snuffed out to a large degree. some individuals were released from prison in iraq and rejoined this group. and certainly when you have a country that is unstable like iraq and you have tremendous sectarian tension there and violence, the more from the sunni side on to the shiite side, you can't be surprised that a group like al qaeda
in this new environment that we find ourselves in post-election and particularly with respect to the susan rice piece which is -- ha, gender, all these little sexy pieces to it, how do republicans that you're hearing see that? >> it's interesting. i was talking amazingly to more democrats yesterday. they said we just want to have a fight on the floor. we just don't want to have this thing where you can stick something and say i've got a hold on it and nothing happens. we want the american people to have to actually watch. if they don't want susan rice, let them stand on the floor and actually have to talk about it so that the world will see it. and then the people can judge. but it's not like that now. you just stick something in a closet. >> so what's the possibility of their actually being filibuster reform? this comes up after every election cycle. what's so special about now that makes it possible that the republicans and democrats will come together and do this? >> i think there's so much pressure on harry reid to do something. he can do it by himself with his own party's votes. if he
in this environment inevitable? >> let me just say our prayers are with president bush and i hope he has a speedy recovery. we have had cut after cut after cut in education in the last four years. in this recessionary environment most of the dollars in education are local and state dollars and we have seen 300,000 teacher layoffs, we have seen class sizes spiraling up and this is for the kids who need it most. what the federal dollars in education go for i really targeted programs like early childhood education, when we know that is important, 100,000 kids who get it now wouldn't get it. title i funds go for helping kids to learn how to read in urban areas, something that is absolutely essential. right now because of all the cuts we have had if you had mid year cuts in education like this, we see a lot of kids being hurt. connell: everybody says we need a strong military to be the united states of america but times have changed, there's more technology, the types of wars we have i have changed but me we could have a strong military few spend money in a smart way. in a similar case a lot of credit
department capable of holing the 166 detainees that remain at guantanamo bay in an environment that meets the security requirements. there is one problem. congress passed a law that bans the transfer of detainees to the united states and virginia republic congressman frank wolf says and i quote: these events should serve as a wakeup call to the american public that terrorists like khalid sheikh mohammed who confessed to his involvement in the plotting of the 9/11 attacks on the united states could one day appear in courtrooms on american soil. the army private accused of leaking classified information to wikileaks web sight took the stand today and testified he thought he was doomed to die in custody. private bradley manning or brad ass 87 as he identified himself online has been testifying for hours during pre-trial hearing at maryland's fort mead. today he explained what it was like in his cell using the outline that the defense placed on the floor. he talked about sleeping naked in custody after telling the guards that he wanted to kill himself he he could do it with his underwear and
on the table could you imagine that breaking through the current political environment. >> i think basically now, gwen, there are three sticking points. one is the amount of revenue and the sources of revenue. the second is the amount of spending cuts and how much of that will come from the entitlement programs particularly health. the last sticking point is what do we do about this debt limit that we've come up against all the time that puts our credit in danger. >> ifill: the president has said the debt limit should be, at least in his opening statement, that the debt limit debate should be set aside and that nothing can be done unless the taxes are cut... are raised for the wealthy. is that part of a solution that you can see working for what it is everybody is trying to get to here? >> look, gwen, i'm not a bit worried that it appears on the surface that secretary geithner ton the speaker didn't make any progress last week. that's just a theater you go through. geithner made his first offer. the republicans rejected it. no surprise. i'm sure that this offer that the speaker has made toda
people are. we're in a greatly diminished yield environment. people scramble for what they can. if you think yields are low know, a lot of investors think they could even go lower. it's unbelievable how low the yields are in the fixed income markets, but again, i think you're going to see compression with those types of stocks. i think what you're really going to see is dividend policies revisited contrary to the fact that from a tax point of view, folks are going to be basically less likely to buy dividend stocks because investors want income, and that's the only place they can get it. >> michael, we get a handf fufu companies every day declaring dividends. they're accelerating the payment to try to beat out the fiscal cliff. would you invest looking for companies like that right now? >> i think you're seeing the top of the dividend trade. i think if anything, what's going to end up happening is a focus back into cyclical sectors for 2013. you want the global trade. you don't want the domestic trade anymore. >> you're not going to be jumping on the bandwagon here just because companie
's hard to earn an extra buck in that environment. you're seeing citi, in fact, address those concerns in the layoff announcement today. >> ifill: what does that tell bus the health of the banking sector and whether other big banking institution might be following suit? >> citigroup is not as mump an indicator species as i think people would want it to be. 15 years ago, it was the financial supermarket. it rolled everything together. it's one-stop shopping, and that mold has been called into question, not least by the architect of this model, sandy wiel, saying we should break up the big banks. gwen, i think it tells us more about the end of the era of kind of this force conglomeration of bank where's bigger is naturally better. you have seen, obviously, too big to fail banks become too bigger to fail, such as j.p.morgan, or wells fargo which bought wachovia. but there are others who find they can't hit their stride with the asset they say accummed a decade ago. >> ifill: what we're watching happening at citigroup. does that make them an outlier or a sign of things to come? >> i think
that environment look like? >> i don't think that's what happens. we're not talking about taking tax rates from 35 to 50 or 60. we're talking a few percentage points. so it's uncertainty, well do i get my deductions, do i pay a hayer rate? what is my mix and until then i sit on my hands. bringing up the again the uncertainty factor. i think we get to a point where we get some sort of compromise around these things. we'll get back through a muddle through economy. not a great one but good enough one. david: the president's comments of last year notwithstanding where he was for lowering rates. rates go up in one way, shape or form. rather than spending money in the stock market where people get taxed more they think of more direct investment? more vehicles that avoid the stock market entirely and get cash directly to the companies? >> that could happen and would be good for the economy which in a perverse way would be good for the stock market as well if you see my logic. getting people to move off the dime. to say i don't need this hoard of cash frankly earning almost nothing. i need to put it to w
's with the senate committee of environment and public works. that senator, senator inhofe has referred to global chime change change as an alarmist. why would he say that? maybe because the top three contributers to his political campaign for the top five years are some of the top fossil fuel industries in the campaign. koch industries, murray energy. devon energy. is there any chance that reason can speak louder than money? here to help us answer that question is jefferey sachs. he's comeing to us via skype from new york. thank you for joining us in "the war room"." >> thanks for having me again. it's great to be with you. 12,347 >> jennifer: i appreciate your perspective. even on climb changes blockburg when they put it on the cover of the magazine, how can we get our leaders to take action. >> the president has to put forward a plan. it has to not only acknowledge theeverything that your wonderful show has been discussing, the water level the falling of the water level in the mississippi river. the acidification in the ocean the killing of the shell fish, it's real, okay? it's obvious to the
and the ability to work with others in a competitive environment is a huge life skill. competitive sports and the extraordinary game of american football. >> what do you want for christmas? >> at least an 8-8 record by the dolphins. i know i should aim higher. >> mrs. rubio, happy birthday. we appreciate you being here. thank you for being here and thankful to the bank of america. and thank you for coming out early. senator rubio for a fantastic conversation. [applause] captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] >> president obama addressed a group of corporate executives today in washington. he talked about negotiations with congressional republicans on deficit reduction and the so-called fiscal cliff. >> the holdup right now is that speaker boehner took a position -- i think the day after the campaign -- that said we're willing to bring in revenue, but we aren't willing to increase rates. and i just explained to you why we don't think that works. we're not trying to -- we're not insisting on rates just out of spite or
to start making decisions now projecting the environment they will be in on january 1. let's give those businesses the service, what they deserve and their employees bypassing this middle class income tax cut now. >> i'd just like to add that the chairman and assistant leader part pants in any number of these budget discussions, that, that or the other one. there were several of them. when they went to that table as representatives of the house democrats, they had no instruction except to reach agreement. they shared the values of our caucus but the over riding value was we had to get the job done for the american people. the only thing i said i wanted to see was jobs and economic growth would be at the centerpiece of the discussions and then whatever decisions we would make about investments or cutting them revenue or raising them would center around how we create jobs. that is the way we are going to reduce the deficit by creating jobs. and every step of the way, every time we came to the idea of big, bold, balanced, the revenue question was the hurdle and it still s. you just can't g
remember to put money to work. in an environment where not people put money to work and people aren't doing anything, you get an influx of retail money. you have to commit that money to your retirement and to your kids. >> interesting. >> it's a big difference. >> btig has a note on seasonality regarding the end of the year and even december '08 was positive. how resilient the month of december is. >> funny you mention that. that was such a false tell. we thought maybe things had bottomed and then just off a cliff, not fiscal but stock right after that. it's a great note. >> meantime, as we await the opening bell this morning, we'll look at the s&p 500 at the realtime exchange on the top of your screen. big board here. >> there's the bell over at the nasdaq today, sears holdings and st. jude's children's research hospital celebrating the st. jude thanks and giving campaign. lead story involves delta and talks they say to acquire from singapore some stakes in virgin atlanta. >> we'll see what happens. they have been active. the one people are more focused on is american airlines in bankruptc
. they are building and acquiring land in this low interest rate environment which bodes well for this upswing in momentum. the question as you mentioned at what point do comparisons get so tough. first quarter 2012 was first quarter where they started to see the upswing. 45% increase in signed contracts. we're lapping that now. can we beat increases as we move on? >> it could be tough. to the extent that we're building, any momentum at the bottom here, we're still building off a small base as you know. so you could have significant growth for some time. >> everything that goes into a house. a lot of spending goes into a house. >> definitely. cramer has stocks on his list that are worthy of your attention. what does he think about them? his mad dash is coming up next. later, shares of gamestop surging from summer lows hoping to score big this holiday season. we'll talk with the ceo. let's take another look at futures as we head into this tuesday morning session. we're looking about flat. more "squawk on the street" straight ahead. this is america. we don't let frequent heartburn come between u
to compete or any company to compete in that kind of environment, you end up harming our domestic production. and one of the reasons we are so elated that our automotive industry is recovering and you see it all over our region, the power of industry to lift people into the middle class and beyond, you can see it everywhere. in suppliers, in restaurants, in theaters, in places where people are going now. even grocery stores, frankly, where people are able to buy more because of the recovery of this powerful, powerful industry and i just want to end with one image which is really hard at that capture in words, but one of our companies in cleveland has the only 50,000-ton press in the united states of america. alcoa. it is seven stories in magnitude. it is hard for the -- i feel very privileged as a representative to have been invited into the company to see this literally mammoth magnificent machine. be able to take part and form them for industry as well as our defense systems. and it's seven stories high. three layers on three stories at the bottom, just dealing with the hydraulics. the eng
kids having fun. nevertheless, even in this environment, he doesn't go anywhere without an armed guard. although here, the rifle is left in its case. >> it's hard to have a normal life. it's extremely difficult. i love playing tennis. i haven't played in a couple years. i love going to the movies. i haven't gone to the movies in a couple years. >> reporter: he's a family man, a lawyer by trade. the mayor could quit tomorrow and live a less stressful, financially lucrative life. as we travel in his armored vehicle, he says he's well aware a killer could target him at any time so i asked him about quitting. do you have any thoughts about that possibility? >> no. i won't step down of my position. it's a very important position. what we're doing is extremely important for our city. if we don't do it today, it's going to be very hard to do it tomorrow. it's going to be double hard. >> reporter: the contrasts in his life are surreal. the law-abiding citizens want him to succeed. the cartels want him punished. they want him dead. gary tuchman, cnn, juarez, mexico. >> jose reyes finished his t
feel good, or do you gain ground in a competitive environment against china? >> we absolutely gain ground. i want to see, we have real strengths in america. with strengths in the things all the other countries die for. hire education, entrepreneurial climate, a lot of science and technology, enormous dynamism in this country and a lot of strengths. but what we've done is we allowed a bunch of unnecessary costs of doing business to grow up and creep up. by in action basically. at the same time as all these other countries, and, of course, i work around the world on this topic, all the other countries have whole task forces of national leaders that work every day to drive down the cost of doing business and make the infrastructure better and make better airports and make better data communications, and make it simpler to do business. so what's happened is we've taken for granted, we have these great strengths can look at us, we're wonderful. we've not been able to make progress. we're not talking about hard stuff. talking about keeping our infrastructure modern. we are talking about
environment. we have different politics in some sense. and yet divided government all the same. so there's some similarities and differences and we're going to hear from some wonderful people to talk about that. i'll go in order on my immediate right, ron elving, a george mason adjunct faculty member. his day job is senior washington editor of npr for a number of years. he's on "talk of the nation" among other things an under his direction npr has received numerous awards. he was also the political editor of "usa today" and has written bobbings on the congress. next to him, jackie colmes, a journalist with "the new york times," hopefully she'll be reporting on this event. hopefully. wishful thinking. she's been a longtime reporter not only with "the new york times" but "the wall street journal" on budget and economic matters and tax policy covering the white house and congress. worked for "c.q." herself early on. and next to her, joe min-yard who has been at the scene, behind the days at a number of the -- dice at -- deist at a number of these -- dais at a number of these events. he was
of economic environment. the president is aware of what needs to happen going forward. and the gesture towards bipartisanship again is what is most important in this particular meeting. i don't think too much substantive will come out in terms of mr. romney having some kind of a position or being able to see his ideas about how to move forward in the economy into an obama administration's plan for the future of america. >> well, douglas brinkley, james peterson, thank you for your time tonight. i think it's a healthy thing. i'm very firm and clear on my positions but i also think it's very important until a divided country that we show none of it is personal and that the american people are far more important than any of our partisan views. that's why it was good the president met even today with ceos who had opposed him, marriott, state farm, caterpillar, at&t. let's have a tone of not having the koucountry at each other's throats but let's be firm. we'll be right back after this. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through
as well a fair free trader and illegal subsubsudden is currency manipulation, environment practices that don't mirror the rest of the developed world are causing our manufacturing companies our manufacturing workers to just suffer a burden that they shouldn't have to. >> jennifer: leo, are you encouraged, though, by the actions at least that the obama administration has been taking of late at the world trait trades trade organization to his try to prosecute those and level the playing field? >> i am. i am also happy about the president's enthusiasm for the mandate that he just got. i think the electorate spoke very clearly, spoke very clearly at the presidential level, they did know less so at the sen sat level and house level. and they said with great specificities, get this economy back on track in a balanced fashion where we have women and men in manufacturing at roughly two and a half as much as three times the level we have today. >> jennifer: you wrote a piece though, in the huffington post, recently criticizing th
the answers. >>neil: why hold the meeting? >>guest: good question. it was an environment for people to express their thoughts. it was more of an expression of your thoughts. you could hear the anger, frustration, hurt, a lot of tears. >>neil: i wish you the bet. we will monitor this again. we bring this to your attention not to take it out of context but a month after sandy a lot of people have forgotten sandy. life goes on. they are over it. but we remind you as the officials were patting themselves on the we back, we know the reality, because we are familiar with this area, friends and family are there. it is not way are being told. but i have to tell you, it isn't what you have been told. if you think the crisis has passed and life is good, these folks, many of them have faced thanksgiving from hell, are now looking at the same thing for christmas. i think they deserve better. and i think our government if it is going to step up to the role of doing more should try. in the meantime, before the townhall, we had this. >>guest: you think this is a joke? a joke? you are a joke. you it is there
welcoming environment for women in the military. gay men are benefiting more from it than lesbians who want to be in direct round combat. >> we are going to stay right here and add a couple more voices into the conversation. this struggle for women in the military goes all the way back to the continental army. just who was robert shirless. i'll tell you when we come back. [ emily jo ] derrell comes into starbucks with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> one of the first american women known to serve as a soldier did so as a man. debra sampson of mas
to relieve your tough migraines. it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management >> shannon: at first glance it may appear that the housing market is turning around. new numbers show home prices increase in major cities. but here is the catch. not all the buyers are from the u.s. chinese and more are buying more and more homes on the west and east coast. fox news correspondent william la jeunesse on the chinese factor in the u.s. housing market. >> well good news for sellers and a green light for buyers according to new data out tuesday morning. the housing market appears to have bottomed. prices are up in the majority of america's largest cities. by more than 3%. including places like atlanta. and las vegas, which have been down for years. in many areas, foreigners are fueling the fire. the national association of realtors says non-american buyers
affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. >>> religious faith is very important to a lot of proathletes. but how many of them are willing to give up their careers to preserve their faith. hans and abbull la are walking away from the nfl to make a pilgrimage to mecca. >> ever since i was young, i had a vision. a vision of becoming someone great. my dream of playing in the nfl, with my childhood dreams fulfilled, i came to realize one thing. we have got a bigger scream to pursue. >> hussein abdullah was a player in dallas and hans is a player in atlanta. i was listening to an interview given earlier and hussein you said there was a tug of war going on inside of you and you realized when both of you spoke you realized
to meet. they don't meet. so, are you worried that environment makes things so dicey that no deal is done and if it is done, it it is a bad d. >>guest: i am worried. the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will generate the kind of bipartisan agreement we need but that is irresponsible. >>neil: it is looking more likely. then who picks up the pieces? >>guest: the country suffers. i don't think anyone gains politically. you know that almost everyone here in both parties will tell you if you talk to them privately, this ends with entitlement reform. not cutting programs like medicare but slowing down the growth in the programs because they are the big drivers of the deficit and raising more out of the revenue, out of the tax system. whether you call iterates or reform over whatever you call i
. >> that was the process in 1986. can that happen this day? >> it feels like a different environment. i do not know, but right now we are in the middle of a political test of wills on marginal tax rates. it is interesting we're not fighting on the underlying principle, which is that wealthy ought to pay more in order to help us close debts and deficits, get our economy back on track. right now the president thinks he won a point, was vindicated by his victory in the election, and republicans did not want to do that, but he has the hand in this struggle. restoring the clinton tax rates is something i would support. we supported them back in 1991 when bill clinton was running for president. no problem on that. it is a reasonable adjustment, but may not be sufficient to reach the targets we need and it does not help us in bipartisan bargaining, reaching a deal. i hope as this negotiation -- we ought to be at the irish times -- that they will not make a fetish of marginal tax rates street if they should go up some, but do they need to go back where they work? i do not know. lots of ways to increase tax
with the dow crossing the unchanged line more than 70 times. how do invest in the uncertain environment, what one of our guests calls the investment townt of a life -- opportunity of a lifetime. david: wonder what it is. business leaders and congressmen holding a news conference on capital hill today to support a flat tax. remember that? one of the business leaders in attendance was mr. steve forbes, ceo and chairman of forbes media joins us straight ahead to discuss his plan. liz: prolonged drought? still going on in certain places. look at the screen. pictures that may force the mississippi river to shut down, commerce, billions worth of cargo at risk, not shipping right now, grains you eat to oil and coal you use. we'll take you there live. ♪ ♪ [ male announcer ] this is amy. amy lik invest in the market. s also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. that's why she trades with the leader in mobileradi. so she's always ready to ke action, matter how wily.. oweird... or wonderfully the market's behaving... which isn't roct sciee. it
exceptionally clear, natural sound in quiet and noisy environments because of how it works with your ear's own anatomy. can your hearing aid do all this? lyric can. to learn more about lyric's advanced technology, call 1-800-511-3035 or visit trylyric.com for a risk-free 30 day trial offer and free dvd and brochure. get the hearing aid that can. lyric from phonak. lyric can. >>> police in arizona are desperately searching for this 11-year-old leukemia patient. she disappeared six days ago, just one day shy of being released from the hospital. but here's the thing. doctors fear this catheter in this girl's heart could possibly lead to an infection, could endanger her life. girl, she's identified only as emily, and you see her here walking on the right side of that, with her mother on the left. this is surveillance video, leaving phoenix children's hospital. the woman allegedly removed the girl's iv, changed her clothes, and walked her out the door. as for why, no one seems to know. the 11-year-old already had to have her right arm amputated because of an infection and is in desperate need of me
economic growth. regulation is necessary to protest at -- to protect our environment and keep our food safe. but regulations cost money to follow. the more expensive a regulation, the less money a business has to give raises or hire new people. we need to have a balanced approach to regulation. we need to weigh the benefit of any given regulation against the impact it will have on job creation. that is why we should implement something like senator paul's act, so that congress that's the final say on it. -- gets the final say on it. [applause] getting control of our debt. it is critically important. it is not enough. we need to do more. we should expand our domestic energy industry. american innovation has given us access to massive new deposits of oil and natural gas, making america one of the most energy- rich countries on the planet. this new energy opens all kinds of new middle-class jobs come from the fields and platforms woodrow, to the manufacturing plants that return to the united states with a lower cost of energy, and these are the types of jobs we need most, right now. middle-cla
is the honorable sherman, under secretary for natural resources and environment at the u.s. department of agriculture. he has a holiday message to share with you as well. [applause] >> speaker boehner, senators udall and bennett, congressman tipton and distinguished guests, on behalf of the secretary, tom vilsack and our chief of the forest service, i would like to say a few words if i can. each year, the capitol christmas tree comes from the u.s. forest service, which is an agency within usda and eachier we -- each year we select that tree from a different forest. this tree is from a small town called meeker, colorado in the white river national forest in the high mountain areas of colorado. and it's a a spruce tree and 73 feet tall and happens to be 74 years old. it's only the third time in colorado's history that colorado has provided the capitol christmas tree and i'm particularly proud of that since i'm a colorado resident. yay, colorado! [cheers and applause] >> we call this the people's tree for good reason and that's because it comes from our public lands, which are owned by al
to be an environment where we come together and hash out our differences and agree to compromise. so, i want to be part of that middle that finds those compromises, which we have to have to solve hard problems. >> well, my belief is i want to compromise, too, but i don't think you'll get the liberal core of your party to support anything unless they see the vampire bites on the necks of the republicans. until they see them taking a piece out of them on the issue of high income taxation. are they going to give on entitlements. they're not going to give. what do you think? you know the politics. >> i think there are ways we can move forward. everyone has to understand we are the majority party because we have moderates in our caucus. the republicans need to understand that these tax cuts are going to go away at the end of the year if they don't get reasonable. once they go away, then we can come back in and pass tax cuts for the middle class and leave the very wealthy out of that equation. so, there is pressure here on both sides of the equation. we've got a real debt and deficit problem. we need to be s
to wait to see exactly what this news in. but in the environment of the fiscal cliff, if, indeed, what this is, it would be interesting. >> all right, john. thanks so much. >> ncr, national cash register. right? >> you like that? >> i like that because you got to change the name. cash registers aren't what they used to be. >> that stock is halted along with the other one john was talking about. we'll let you know when the news does come out and that stock is reop reopened for business. speaking of business, we have about 30 more minutes of business. >> top ceos set for a fiscal cliff meeting with president obama just over an hour from now. we're going to take you live to the white house next. plus, we'll hear from one democratic lawmaker willing to dive head first off the cliff if that's what it takes to reach what he thinks is a good deal on tax hikes while protecting entitlements. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-
tough environment for democrats. he was able to win. they stitched together a similar coalition of young voters, of women and is a problem for republicans as you move west. if this is not a place where they can compete, that's a real problem. >> and let me get mike in here. colorado is -- denver is really sort of -- i know stewart stevens and others have said they won swing voters, butt swi but the swing part of the country is the suburb and the president won the sub about yours. >> a demographic that is indicative of the democratic coalition.yours. >> a demographic that is indicative of the democratic coalition. no coincidence that the president is going to a suburban area tomorrow to campaign outside philadelphia. those collared counties. >> suburbs are everything. >> i worked with them. i have great admiration for his creative genius. i didn't -- i didn't think we were watching the same election in many respects. and like i said, losing is hard. >> you put it well. losing is hard. let's take a quick break. trivia time. we asked if jeb bush were to be nominated for president or vice p
a lasting solution is to commence direct negotiations and we need an environment conducive to that. >> the palestinians say they were getting -- by britain and other countries for concessions on what they were requesting to be more specific, they wouldn't go to the icc, the criminal court, in order to get these european votes. it's important for the palestinians not to just get the, quote, usual band of countries that support them no matter what here. they would like to get a sizeable number, including western countries. france will vote in favor, spain and portugal. but the u.k. will abstain, germany will abstain. all they need is a simple majority here. but the way forward, maybe it inches everyone closer to that two-state negotiating process. or it's just symbolic. netanyahu of israel says this will not accomplish anything, about not hasten any type of peace agreement. they still haven't talked in months. >> and i'm sure it's not the least bit pleasing to the palestinians to hear secretary of state say we don't support it because we don't think it would work. and clearly a lot
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